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NOTE 5. EQUITY, ROYALTY AND INTEREST INCOME FROM INVESTEES
Equity, royalty and interest income from investees included in our Condensed Consolidated Statements of Net Income for the reporting periods was as follows:
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Three months ended |
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Six months ended |
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| In millions |
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June 28,
2020 |
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June 30,
2019 |
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June 28,
2020 |
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June 30,
2019 |
| Manufacturing entities |
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| Beijing Foton Cummins Engine Co., Ltd. |
|
$ |
34 |
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$ |
20 |
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$ |
51 |
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$ |
41 |
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| Dongfeng Cummins Engine Company, Ltd. |
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26 |
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16 |
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34 |
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30 |
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| Chongqing Cummins Engine Company, Ltd. |
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11 |
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10 |
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20 |
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22 |
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| All other manufacturers |
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23 |
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|
28 |
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|
78 |
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(1) |
55 |
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| Distribution entities |
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| Komatsu Cummins Chile, Ltda. |
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7 |
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7 |
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17 |
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13 |
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| All other distributors |
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— |
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— |
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— |
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(1) |
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| Cummins share of net income |
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101 |
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|
81 |
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|
200 |
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|
160 |
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| Royalty and interest income |
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14 |
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|
15 |
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|
44 |
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|
28 |
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| Equity, royalty and interest income from investees |
|
$ |
115 |
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$ |
96 |
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$ |
244 |
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$ |
188 |
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(1) Includes $37 million in adjustments related to tax changes within India's 2020-2021 Union Budget of India (India Tax Law Changes) passed in March 2020. See NOTE 6, "INCOME TAXES" for additional information on India Tax Law Changes.
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